BCR cuts Argentina’s corn production estimate to 48 mln tonnes due to drought

Rosario Grain Exchange (BCR) has cut its estimate for Argentina’s corn harvest to 48 million tonnes from the previous forecast of 52 million tonnes due to drought while discarding the possibility of an output of 53-53.5 million tonnes for soybeans due to losses in late-sowing areas, its monthly estimates update showed on Wednesday January 15.